Q: WOW THIS STOCK DOWN 10% IN 1 DAY. ANY PARTICULAR REASON? THANKS
5i Research Answer:
ELVA is a roughly $300 mln market-cap company and is up 89% over three months, so we would largely view this type of volatility as par for the course with a name like this. On the day of the decline, markets were a bit more volatile as well but we don't see any specific news to attribute to the decline and would view it as general market volatility.